EDITOR'S CHOICE

Electric cars make up almost half of all new sales across London

04 Jul 2022 | Synopsis

"Almost 6,000 fully electric or hybrid plug-in cars were registered in London in June, outselling conventional petrol cars by more than 200 vehicles.

"Battery electric cars, which rely solely on electric power stored in an on-board battery, were the second most popular type of new car after petrol, with 2,932 registered in the capital last month..."

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This Warren Buffett-Backed Chinese EV Maker Reports June Sales Up Over 240% From A Year Ago

04 Jul 2022 | Synopsis

"The Shenzhen-based EV maker delivered 69,544 battery EVs in June, up over 240% from the 20,016 units sold in the year-ago period. In May, the company sold 53,349 vehicles.

Additionally, the company sold 64,218 plug-in hybrids, taking its total new-energy vehicle sales to 133,762.

"The company, which also manufactures EV batteries, said its installed battery capacity was at 6.859 gigawatt-hour in June."

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7 Things You Need to Know Before You Buy an Electric Car

03 Jul 2022 | Synopsis

"...if your car is about due for an upgrade, there's plenty to gain from going electric. Not only can you save money on fuel and maintenance, you also have the added convenience of being able to plug in at home, instant torque to get you going faster, and potentially a car with a much roomier interior."

"Right now the cheapest EV in the United States is the 2023 Chevy Bolt, which has a newly-reduced starting price of $26,595..."

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Toyota Has Exhausted All US Tax Credits Even As It Is Just Getting Started With EVs

03 Jul 2022 | Synopsis

"...The world's largest automaker's cumulative sales have now exceeded the threshold" of 200,000 electric drive models.

"The other automakers, which have hit the ceiling, include General Motor and Tesla... have been lobbying Congress for an extension of the tax credits..." Both have "expressed their unhappiness over a proposal by the Biden administration to offer an incremental $4,500 credits to unionized automakers."

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How Do I Know How Much Range I Actually Need In An EV?

03 Jul 2022 | Synopsis

"...one survey showed most Canadians want at least 599 kilometres, how much range you actually need depends on how far you typically drive, where you'll be charging – and how much range you can afford..

BWM "research showed the average Canadian drives 45 kilometres a day...

"...out of 81 models listed for 2022, 75 have more than 300 kilometres of range."

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America Braces For $380 Oil

03 Jul 2022 | Synopsis

"JP Morgan energy analysts recently reported that crude could reach $380 a barrel. This would be triggered by a sharp curtailment of Russian exports. And, in turn, this would be caused by the friction between the West and Russia over the war in Ukraine.

"Oil prices at $380 would push gas prices above $10 a gallon, and perhaps toward $15. The U.S. economy could not take the shock..."

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This Citroen 2CV Inspired Electric Concept Shines In Dual-Tone Colors and Modern Styling

02 Jul 2022 | Synopsis

First debuted in 1945, the Citroen 2CV was the "world's first front-wheel-drive car...produced between 1948 - 1990 with more than 3.8 million units sold..."

"To revive the nostalgic memories of this economy family car, designer Jean Louis Bui has penned an electric concept in a modern avatar. Dubbed the Citroën La 2 Deuche Concept..."

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Ducati Introduces Stunning Electric Race Bike for MotoE Racing

02 Jul 2022 | Synopsis

" Ducati is now joining...with the introduction of its new MotoE bike...[and] sole bike supplied to the new racing series."

"...the bike uses an 18kWh battery using 800-volt architecture, and it is capable of charging at a rate of 20kW...The [custom] powertrain...is capable of delivering 147 horsepower and 103 foot-pounds of torque, allowing the bike to hit a top speed of 170 miles per hour."

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GM Is "Ramping" Hummer EV Production by Building 12 Units a Day

02 Jul 2022 | Synopsis

"...sources at GM have stated that the company’s Detroit-based plant, which was renovated by GM for roughly 2.2 billion dollars, is only producing 12 GMC Hummer EVs daily for now. Meanwhile, reservations for the Hummer have climbed to just over 77,000 vehicles.

"...the slow ramp was due to GM dedicating itself to quality on their new EV platform..."

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A $1,000 Monthly Car Payment Is Becoming Increasingly Normal

02 Jul 2022 | Synopsis

"Twelve percent of buyers who purchased new cars in June will pay four figures every month, according to new data from Edmunds by way of Axios. That’s roughly three times the number of owners on the hook for similar monthly payments in June of 2019. Given that the average monthly payment now sits at $712...36.1% of consumers who financed a new car purchase in June 2022 opted for a loan term of between 73 and 84 months..."

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